There is a question for u all........
I take Rs.36000 as loan from my friend and I promise him to give the money with interest after 4 years. The rate of interest given waa 5%. Find the simple interest and the total amount ?
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➤ Given :-
Principle :- ₹ 36000
Rate of interest :- 5%
Time :- 4 years
➤ To Find :-
Simple Interest and Total amount of the given sum.................
➤ Formulas required :-
Simple Interest :-
Total amount :-
➤ Solution :-
Simple Interest :-
Now,
Total amount :-
The simple interest is ₹ 7200 and the total amount is ₹ 43200.
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Some related formulas :-
Principle :-
Rate of interest :-
Time :-
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More to know..................
- Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
- Principal is the amount given at first from lender to borrower.
- Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
- Time is given for the borrower to return back the given money with the given interest.
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Answer:
This ur ans
Step-by-step explanation:
Simple interest and amount is same
FORMULA: SI =P(1+R/100)RAISED TO N
Attachments:
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